Smith Enterprises reported sales revenue totaling $280,000, $335,000, and $354,000 in the years, 2018, 2019, and 2020, respectively.
Performing trend analysis, with 2018 serving as the base year, what is the percentage for 2020?

Question

Quizplus · Accepted Answer

To calculate the trend percentage for 2020 with 2018 as the base year, divide the 2020 revenue by the 2018 revenue and multiply by 100. So, (354,000 / 280,000) * 100 = 126.43%.

Smith Enterprises Reported Sales Revenue Totaling $280,000, $335,000, and $354,000